Wed, Apr 06, 2005
Two Accused Of Lying About Ability To Bring Carrier Out Of
They lied. One tried to bribe an undercover Fed. Both are in
very hot water.
That's the word from the US Attorney's Office in New York's
Southern District about Paul Boghosian and William Spencer. Both
have been indicted on conspiracy charges in connection with their
bid to bring Hawaiian Airlines out of bankruptcy.
Boghosian leads Hawaiian Investment Partners Group, a company he
formed to save Hawaiian Air. Spencer is a trustee at E&M Trust.
The government says both men lied about their ability to bring
Hawaiian Air out of bankruptcy with a $300 million cash
Boghosian is also accused of trying to bribe an undercover FBI
agent posing as a hedge fund manager. The indictment says Boghosian
agreed to pay the agent $500,000 in return for a $2.5 million
There was no immediate comment from the beleaguered airline.
Hawaiian Airlines filed for bankruptcy two years ago. The court
last month accepted a plan designed to return Hawaiian Airlines to
Also: Eve Of Oshkosh, WomenVenture, Garmin Flight Stream, AEA Pilot's Guide The father-son duo of Babar Suleman and 17-year-old Haris Suleman of Plainfield Indiana had planned thei>[...]
IMC Clubs: Building Instrument Proficiency Through Community When it comes to flying, there is no substitute for proficiency and training. And maybe nowhere is that more important >[...]
Concorde Charges Up Our Oshkosh 2014 Coverage! Concorde Battery Corporation has been in the battery manufacturing business for over 30 years and is the world leader in Valve Regula>[...]
What is iFlightPlanner? iFlightPlanner is general aviation’s most comprehensive suite of easy-to-use flight planning tools for private and corporate pilots. Featuring iFlight>[...]
The Eclipse 550: Economical. Efficient. Incredible. The Eclipse 550 not only has the lowest acquisition cost of any twin-engine jet on the planet, it also has the lowest operating >[...]